New York, United States , June 11, 2024 (GLOBE NEWSWIRE) -- The Global Cardiovascular Clinical Trials Market Size is to Grow from USD 5.36 Billion in 2023 to USD 9.76 Billion by 2033, at a CAGR of 6.18% during the projected period.
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Clinical trials for cardiovascular health are systematic investigations conducted on human subjects to assess the overall effect, safety, and efficacy of new drugs, medical devices, or treatments related to cardiovascular health. Strict scientific and ethical requirements are adhered to during these trials in order to ensure the validity of the findings. Through investigating cardiovascular illnesses, including heart failure, coronary artery disease, and stroke, prevention, diagnostic, and treatment strategies, these trials aim to advance medical knowledge and improve patient outcomes. There are four stages of conducting clinical trials: phase I, phase II, phase III, and phase IV. The growing prevalence of cardiovascular diseases such heart failure, stroke, and coronary artery disease is the main factor propelling the market for cardiovascular clinical trials. The growth of cardiovascular clinical trials is primarily driven by the growing awareness of cardiovascular health issues and their impact on global rates of morbidity and mortality. However, register a varied and representative patient population and keeping them registered for the trial's duration are ongoing issues in cardiovascular clinical trials. These problems are exacerbated by the intricate regulatory environment and stringent compliance standards that market participants must adhere to, which have an impact on the amount of time and money required to start and finish trials.
Browse key industry insights spread across 230 pages with 110 Market data tables and figures & charts from the report on the "Global Cardiovascular Clinical Trials Market Size, Share, and COVID-19 Impact Analysis, By Phase (Phase I, Phase II, Phase III, and Phase IV), By Study Design (Interventional, Observational, and Expanded Access), By Indication (Coronary Artery Disease, Cardiac Arrhythmia, and Ischemic Heart Disease), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033"
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The phase IV segment dominates the market with the largest revenue share through the forecast period.
Based on the phase, the global cardiovascular clinical trials market is segmented into phase I phase II, phase III, and phase IV. Among these, the phase IV segment dominates the market with the largest revenue share through the forecast period. Post-marketing studies may be required by regulatory bodies such as the U.S. Food and Drug Administration and the European Union regulatory agencies to ensure the ongoing safety and efficacy of cardiovascular medications. Phase 4 trials are carried out in accordance with these recommendations.
The interventional segment dominated the global cardiovascular clinical trials market during the forecast period.
Based on the study design, the global cardiovascular clinical trials market is segmented into interventional, observational, and expanded access. Among these, the interventional segment dominated the global cardiovascular clinical trials market during the forecast period. Surgical operations, gadgets, behavioral therapies, and pharmaceuticals or biologics comprise the additional classification of the interventional segment. Interventional studies are usually selected because they are more precise and pertinent than observational research.
The coronary artery disease segment dominates the market with the highest share during the forecast period.
Based on the indication, the global cardiovascular clinical trials market is segmented into coronary artery disease, cardiac arrhythmia, and ischemic heart disease. Among these, the coronary artery disease segment dominates the market with the highest share during the forecast period. This is because there are more and more clinical trials being assessed that are associated with coronary artery disease. This is therefore commensurate with the condition's rising global prevalence rate.
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North America dominates the market with the highest market share over the forecast period.
North America dominates the market with the highest market share over the forecast period. The United States is the largest market for cardiovascular clinical trials. Numerous clinical trials for heart problems are being conducted nationwide thanks to the provision of state-of-the-art infrastructure and the application of several novel, ground-breaking technologies in clinical research.
The Asia-Pacific region is expected to grow the fastest over the forecast period. Asia Pacific is one of the attractive markets for directing the clinical trials. The profitable clinical research option and approving regulatory reforms, especially in China and India.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global cardiovascular clinical trials market are ICON plc, Eli Lilly and Company, Syneos Health, Worldwide Clinical Trials, Veeda Clinical Research, IQVIA Inc, SGS SA, PPD Inc, Caidya, Vial, Medpace, Inc., Thermo Fisher Scientific, Merck & Co, Pfizer, and Other Key Players.
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Recent Developments
- In September 2023, Cereno Scientific contracted with Clinical Trial Consultants (CTC) for the Phase I study of CS014, with CTC offering support in preparatory steps, like study protocol development and the clinical trial application process in Sweden. This mutual effort spells an inventive approach to cardiovascular clinical studies.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global cardiovascular clinical trials market based on the below-mentioned segments:
Global Cardiovascular Clinical Trials Market, By Phase
- Phase I
- Phase II
- Phase III
- Phase IV
Global Cardiovascular Clinical Trials Market, By Study Design
- Interventional
- Observational
- Expanded Access
Global Cardiovascular Clinical Trials Market, By Indication
- Coronary Artery Disease
- Cardiac Arrhythmia
- Ischemic Heart Disease
Global Cardiovascular Clinical Trials Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. The Global Cardiovascular Clinical Trials Market Major vendors in the global cardiovascular clinical trials market are ICON plc, Eli Lilly and Company, Syneos Health, Worldwide Clinical Trials, Veeda Clinical Research, IQVIA Inc, SGS SA, PPD Inc, Caidya, Vial, Medpace, Inc., Thermo Fisher Scientific, Merck & Co, Pfizer, and Other Key Players.
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